Quantinno Capital Management LP Has $1.69 Million Holdings in Invitation Home $INVH

Quantinno Capital Management LP cut its holdings in Invitation Home (NYSE:INVH) by 20.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,821 shares of the company’s stock after selling 17,483 shares during the period. Quantinno Capital Management LP’s holdings in Invitation Home were worth $1,685,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of INVH. Norges Bank bought a new position in Invitation Home during the fourth quarter valued at about $1,438,952,000. State Street Corp boosted its stake in shares of Invitation Home by 1.3% during the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after acquiring an additional 462,379 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Invitation Home by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock valued at $468,997,000 after acquiring an additional 203,474 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Invitation Home by 8.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock valued at $424,922,000 after acquiring an additional 1,168,113 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Invitation Home by 7.5% in the 3rd quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock valued at $370,227,000 after acquiring an additional 877,491 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on INVH shares. Weiss Ratings upgraded Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Evercore reissued an “outperform” rating and issued a $32.00 price target on shares of Invitation Home in a research report on Friday, May 1st. Raymond James Financial raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, May 18th. Barclays upped their price objective on shares of Invitation Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, Citigroup reiterated a “buy” rating on shares of Invitation Home in a research note on Thursday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.68.

Invitation Home Price Performance

Shares of NYSE:INVH opened at $29.77 on Thursday. The business has a 50 day moving average price of $29.79 and a 200 day moving average price of $27.85. Invitation Home has a twelve month low of $24.25 and a twelve month high of $31.38. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 3.49 and a beta of 0.83. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44.

Invitation Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Invitation Home’s payout ratio is 110.09%.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.